By Modupe Gbadeyanka
The Lagos State Chapter of the Association of Digital Finance Practitioners (ADFP) in Nigeria has been launched, with leaders elected to lead the ship for next year.
The new leaders emerged after a hotly contested election that took place virtually November 27-28, 2021, producing Abubakar Shehu, Director VAS, Gateway and Broadband Sales at Globacom as chairman.
Other elected members of the committee included Adedoyin Samo, Group Head, HR & Administration, Zedcrest Capital Limited, elected Vice Chairman; “Nifemi Oluboyede, Product Manager – Credit, Kuda Digital Bank elected secretary; Lukmon Oloyede, Head of Product Marketing and Brand Communication, Zedvance Finance Limited has become Advertising Secretary; Yemi Kehinde, Group Head, Zedcrest Capital Limited as Legal Manager and Amarachi Wogu, Manager, Channel Distribution, Inclusive Banking Services at Heritage Bank Plc as Wellness Manager.
In his acceptance speech, Mr. Shehu congratulated the Election Committee for Free and Fair Elections and the Event Organizing Committees for organizing a successful historic event.
“As we consult with the Board of Directors to achieve ADFP’s goals, we promise to do our best to make the association a force to be reckoned with in the industry as we promote inclusion. fundraising and advocate for more stakeholder policies and regulations that would deepen the DFS ecosystem in Nigeria, ”he said.
Before the investiture of the new executives, an interactive round table was held on The role of the national association in capacity building for the design and implementation of DFS.
Panelists – Folasade Femi-Lawal, AGA, Card & Messaging Business, FirstBank Nigeria; Stanley Jacob, Country Business Development Director, MasterCard Nigeria; Kayode Olubiyi, Head of Physical Digital Bank, UBA; Kayode Kalejaiye, Head of Digital Products and Innovation, International Digital Financial Services in Essex, UK, highlighted the importance of having a community of practice for knowledge exchange, collaboration and implementation network in the DFS ecosystem.
According to Kayode Olubiyi, investing in capacity building should be encouraged by all institutions and regulators as the financial sector continues to evolve.
“The whole world is being hit by digital transformation and is becoming more and more interconnected thanks to digital technologies. Digital finance has brought together people from different fields.
“To create sustainable financial products, design policies and provide appropriate regulation, we need stakeholder engagement – and that includes capacity building and knowledge sharing,” he said.
Folasade Femi-Lawal, in a similar vein, said that one of the main ways to bridge the talent gap in the industry is to build employee skills.
She said that “the export of talent occurs around the world in particular and it is important to build a talent pool that would quickly fill the industry void. Despite exporting talent to Africa, many organizations around the world are still looking forward to expanding their footprint in Africa.
“So we need ADFP to be at the forefront of talent development for the future. Obtaining the Certificate in Digital Currency (CIDM) and Major Digital Money Markets (LDMM), as well as other qualifications from the Digital Frontiers Institute (DFI) certified by the Fletcher School at Tufts University, USA, should be encouraged by all institutions, especially those in the financial sector. sector and other related positions.
According to Stanley Jacob, ADFP is already training leaders who are passionate about financial innovation. He tasked the newly elected leaders of ADFP Lagos to be a major driver of DFS innovation and to collaborate with innovation hubs, banking and financial institutions and other key stakeholders in Nigeria to bridge the gap. talent gap.
Formulated by members of the Digital Frontiers Institute (DFI) Alumni Community of Practice (COP), ADFP Lagos was created to catalyze the capacity of Nigerian Digital Finance Service (DFS) practitioners to deliver greater level of financial inclusion and digital inclusion for everything. It also aims to promote digital transformation, ethical work culture within the DFS ecosystem and to contribute to sustainable development.
During her opening remarks at the event held on Saturday, December 11, Alliance of Digital Finance Associations (The Alliance) Chief Executive Officer Sarah Corley said that the inauguration of the Chapter of ADFP Lagos would undoubtedly deepen the DFS Ecosystem in Nigeria through the exchange of knowledge, information and the promotion of industry best practices.
“ADFP Nigeria is one of the founding members of the Alliance and I am personally happy that we are coming together globally to share a mutual passion for digital finance and to talk about change.
“It’s not just about learning, but about how we can use this knowledge to improve digital financial services and improve the lives of many financially excluded people by enabling them to access credit, insurance , loans and other financial services. “
“We are all part of a large ecosystem that includes researchers, bankers, product managers, etc. We all know that the banking and financial sector will not stay the same for the next 20 years. So if we say digital finance is a profession then we need a professional association to belong to. We should have associations that practitioners can be part of to have an impact and that is the role ADFP would fulfill, ”Corley said.
As of 2016, Nigeria has over 300 professionals trained in different aspects of digital financial service design and delivery in operations, technology and regulation. Such knowledge and skills cannot guarantee the expected impact if they are not properly exploited.
To achieve this, the nationwide community of practice has been established to coordinate the discourse and practice of professional knowledge among DFS enthusiasts undertaking CIDM, LDMM and other courses.
Graduates of these courses, as well as other specialist courses, have now become members of alumni networks in more than 21 countries around the world. These alumni networks, which have become legally registered national associations, continue to play an important role in deepening the DFS ecosystem through broad and inclusive professional membership development opportunities, while also contributing to the growth of financial inclusion and the digital economy.
Nigeria has the rare privilege of having two Alumni Network Chapters (Lagos and Abuja) under the aegis of the Association of Digital Finance Practitioners (ADFP), Nigeria. ADFP’s vision is to be a world-class professional association that will contribute to the evolution and development of the DFS ecosystem.
ADFP in Nigeria is a founding member of the Global Alliance of Digital Finance Associations (ADFA) and registered under the provisions of the Companies and Related Business Act CAP C20 LFN 2004.
As a professional association of certified and experienced industry and university practitioners, AFDP is guided by a constitution under the advisory oversight of a board of directors. ADFP is led by a management team with years of experience in industry and academia.